Business

Nigeria Sees Significant Jump in Foreign Investments in Q1 2024

Nigeria received $3.38 billion in foreign investments in Q1 2024, a 210% increase from Q4 2023, with Lagos leading.

3 months ago

CBN Governor Cardoso Highlights Role of Non-Bank Financial Institutions in Regional Integration and Economic Prosperity

CBN Governor Cardoso says Non-Bank Financial Institutions present a unique opportunity to quicken regional integration and shared economic prosperity.

3 months ago

Nestoil Calls for End to ‘Lowest Bidder’ Rule, Highlights Impact on Nigeria’s Oil Sector Growth

Nestoil’s Azudialu-Obiejesi has stressed the need for Nigeria to establish a credible contract bidding process to develop oil industry capacities.

3 months ago

Structural Failure Causes Beijing Tianbing Rocket to Crash During Test

A rocket stage from Beijing Tianbing Technology's Tianlong-3 detached during a test and landed in a hilly area without casualties.

3 months ago

SERAP Issues Ultimatum To CBN to Account For N100bn Dirty Notes, Other Public Funds

SERAP has criticised CBN's alleged financial violations, saying it has undermined its ability to fulfill statutory roles and public trust.

3 months ago

Nigeria’s Diaspora Remittance Hits $19.5bn in 2023, 35% of Sub-Saharan Africa’s Total, World Bank Says

World Bank says Nigeria received $19.5 billion in Diaspora remittances in 2023, 35% of sub-Saharan Africa, although declining 2.9% year-on-year.

3 months ago

NESG Endorses CBN’s Move to End Price Verification System for Forex Transactions

NESG has endorsed CBN’s decision to end FX Price Verification System, citing removal of regulatory bottlenecks and boost to macroeconomic…

3 months ago

Nestle Expects Stable Sales Growth As Cost Inflation Eases

CEO Schneider ssys Nestle expects stable growth from Q2 onwards, overcoming cost inflation and sales volume challenges.

3 months ago

Amazon Investigates AI Startup Over Content Scraping Claims

Amazon is investigating Perplexity AI for scraping content without permission, amid accusations of plagiarism and fake quotes.

3 months ago

US Inflation Pressures Continue to Ease, Fed Rate Cut Likely

Core inflation rose 0.1% from April to May, the smallest increase since 2020, leading to potential Fed rate cuts in…

3 months ago